Dominion Resources Inc. (D) Stake Maintained by Family Capital Trust Co
Family Capital Trust Co maintained its position in Dominion Resources Inc. (NYSE:D) during the second quarter, Holdings Channel reports. The fund owned 2,700 shares of the company’s stock at the end of the second quarter. Family Capital Trust Co’s holdings in Dominion Resources were worth $210,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Essex Financial Services Inc. boosted its stake in Dominion Resources by 0.9% in the second quarter. Essex Financial Services Inc. now owns 3,662 shares of the company’s stock valued at $285,000 after buying an additional 34 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Dominion Resources by 1.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,915 shares of the company’s stock valued at $617,000 after buying an additional 150 shares during the period. Gluskin Sheff & Assoc Inc. boosted its stake in Dominion Resources by 52.6% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 32,020 shares of the company’s stock valued at $2,495,000 after buying an additional 11,040 shares during the period. Welch Group LLC boosted its stake in Dominion Resources by 1.3% in the second quarter. Welch Group LLC now owns 5,465 shares of the company’s stock valued at $426,000 after buying an additional 70 shares during the period. Finally, Huntington National Bank boosted its stake in Dominion Resources by 11.0% in the second quarter. Huntington National Bank now owns 186,335 shares of the company’s stock valued at $14,521,000 after buying an additional 18,523 shares during the period. 63.21% of the stock is owned by hedge funds and other institutional investors.
Dominion Resources Inc. (NYSE:D) traded down 0.57% during mid-day trading on Friday, reaching $71.50. 1,881,631 shares of the company’s stock were exchanged. The company has a market capitalization of $44.74 billion, a P/E ratio of 22.29 and a beta of 0.20. The company’s 50 day moving average price is $74.97 and its 200-day moving average price is $74.29. Dominion Resources Inc. has a 52 week low of $64.54 and a 52 week high of $78.97.
Dominion Resources (NYSE:D) last posted its earnings results on Wednesday, August 3rd. The company reported $0.71 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.71. The firm earned $2.60 billion during the quarter, compared to the consensus estimate of $2.99 billion. Dominion Resources had a net margin of 17.44% and a return on equity of 14.48%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. On average, equities research analysts expect that Dominion Resources Inc. will post $3.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Wednesday, August 31st. Dominion Resources’s dividend payout ratio (DPR) is presently 87.23%.
Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Dominion Resources from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $76.00 to $81.00 in a report on Thursday, June 16th. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and issued a $77.00 price target on shares of Dominion Resources in a report on Wednesday, June 22nd. Zacks Investment Research lowered shares of Dominion Resources from a “hold” rating to a “sell” rating in a report on Friday, July 22nd. Morgan Stanley lowered shares of Dominion Resources from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $82.00 to $79.00 in a research note on Monday, August 8th. They noted that the move was a valuation call. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Dominion Resources in a research note on Friday, August 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Dominion Resources presently has an average rating of “Hold” and an average price target of $76.77.
Dominion Resources Company Profile
Dominion Resources, Inc (Dominion) is a holding company. The Company is a producer and transporter of energy. The Company is a provider of electricity, natural gas and related services to customers in the eastern region of the United States. The Company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation and Dominion Energy.
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Resources Inc. (NYSE:D).
Receive News & Ratings for Dominion Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.